The closing price of ACV Auctions Inc (NASDAQ: ACVA) was $17.24 for the day, down -3.79% from the previous closing price of $17.92. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 566062 shares were traded.
Ratios:
Our analysis of ACVA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.
On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $23.
JP Morgan Downgraded its Overweight to Neutral on July 13, 2023, while the target price for the stock was maintained at $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 08 ’24 when Hirsch Brian sold 241,455 shares for $18.31 per share. The transaction valued at 4,421,041 led to the insider holds 301,258 shares of the business.
Hirsch Brian sold 67,072 shares of ACVA for $1,204,613 on Mar 07 ’24. The Director now owns 361,622 shares after completing the transaction at $17.96 per share. On Mar 06 ’24, another insider, Hirsch Brian, who serves as the Director of the company, sold 38,763 shares for $18.24 each. As a result, the insider received 707,037 and left with 378,390 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACVA now has a Market Capitalization of 2.94B and an Enterprise Value of 2.64B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.87 while its Price-to-Book (P/B) ratio in mrq is 6.11. Its current Enterprise Value per Revenue stands at 5.49 whereas that against EBITDA is -49.02.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $19.06, while it has fallen to a 52-week low of $11.58. The 50-Day Moving Average of the stock is 14.93, while the 200-Day Moving Average is calculated to be 15.58.
Shares Statistics:
ACVA traded an average of 1.27M shares per day over the past three months and 1.8M shares per day over the past ten days. A total of 138.64M shares are outstanding, with a floating share count of 136.10M. Insiders hold about 16.96% of the company’s shares, while institutions hold 81.01% stake in the company. Shares short for ACVA as of Feb 15, 2024 were 9.43M with a Short Ratio of 7.41, compared to 7.67M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.75% and a Short% of Float of 7.87%.
Earnings Estimates
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.1, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.04 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.29 and -$0.36 for the fiscal current year, implying an average EPS of -$0.34. EPS for the following year is $0.06, with 10 analysts recommending between $0.43 and -$0.15.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. It ranges from a high estimate of $146M to a low estimate of $141.99M. As of the current estimate, ACV Auctions Inc’s year-ago sales were $119.63M, an estimated increase of 20.40% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $158.41M, an increase of 27.50% over than the figure of $20.40% in the same quarter last year. There is a high estimate of $171M for the next quarter, whereas the lowest estimate is $150.06M.
A total of 13 analysts have provided revenue estimates for ACVA’s current fiscal year. The highest revenue estimate was $619.48M, while the lowest revenue estimate was $596.96M, resulting in an average revenue estimate of $613.14M. In the same quarter a year ago, actual revenue was $481.23M, up 27.40% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $770.34M in the next fiscal year. The high estimate is $832M and the low estimate is $659.17M. The average revenue growth estimate for next year is up 25.60% from the average revenue estimate for this year.
